Iran Rejects Temporary Ceasefire for Strait of Hormuz Reopening, Cites US Lack of Readiness

Iran has allowed Indian ships to pass through the war-hit Strait of Hormuz. (Reuters/File)

News18•06-04-2026, 14:41

Iran Rejects Temporary Ceasefire for Strait of Hormuz Reopening, Cites US Lack of Readiness

•Iran will not reopen the Strait of Hormuz for a temporary ceasefire, stating the US lacks readiness for a permanent one.
•Tehran is reviewing Pakistan's proposal for an immediate ceasefire but rejects pressure to follow deadlines.
•Iran's Ambassador to India, Dr Mohammad Fathali, emphasized decisions on negotiations are made within overarching policies and aim to secure Iranian interests.
•The current standoff involves a 45-day ceasefire proposal (Islamabad Accord) and a US ultimatum threatening 'hell' if the Strait isn't reopened.
•The Strait of Hormuz, vital for global oil and gas, remains largely shut, causing oil prices to peak at $126 per barrel.

Key Questions Answered

Recent US intelligence assessments indicate that Iran is unlikely to reopen the Strait of Hormuz in the near future.

If the April 5th deadline for PPF investments is missed, you will lose a full month's interest for April.

Global oil prices are experiencing significant volatility due to the US-Israeli war in Iran and the closure of the Strait of Hormuz. Brent crude has surged to $141.